I'm a bit quiet on this thread now because I don't really have much to add on the situation at present. I had been waiting to see what would happen if the Dow reached the 26,200 area, it did, put in a negative weekly doji and the first negative ...

US and Euro stocks mounting one more rally before crashing?

Dax seems to have pretty strong support around its daily S1 pivit today @ 11,557, which is also my 45m 200ema/sma which sent the price back up on Monday. Resistance, and there is a lot of it as momentum despite the support is down, and as we know ...

Dax - Daily analysis and Discussion

Dow H3 100sma now conclusively broken for the first time this year.

US and Euro stocks mounting one more rally before crashing?

" Stocks gain as trade optimism holds " is the latest markets headline in the FT. C'mon FT, get with it!

US and Euro stocks mounting one more rally before crashing?

video The sort of song I'd have posted onto my Trader's Academy thread, but as that's dead these days, let's put it here. Seems to sum up pretty well the trader's journey. We've all been there, most of us still are, but there is a way, there is a ...

US and Euro stocks mounting one more rally before crashing?

Just like to say a big thank you to all of you for the recent, always informative, intelligent and objective posts, because I was a lone voice here on this thread for quite a while ( except for good old tomase who kept me company ) and I was ...

US and Euro stocks mounting one more rally before crashing?

Typical! I'd've been stopped out anyway on my short. Poor data out of the US, but enough of a catalyst to send the markets down 1000 pips or more? Time will tell.

US and Euro stocks mounting one more rally before crashing?

Here's a long range look at Gold, and it certainly doesn't look to me as if investors are about to pile into it, no matter what Peter Schiff says. You see how the monthly 100sma is acting as a powerful resistance level, and with the bearish looking ...

US and Euro stocks mounting one more rally before crashing?

Gold is looking very bearish. I cut my Dow short at BE because although I love this level for a short on the weekly, the smaller tfs I trade off just do not support a short atm, so I have to go with what I know. Hopefully I won't live to regret it.

US and Euro stocks mounting one more rally before crashing?

I would not dispute that. Thanks for dropping by.

US and Euro stocks mounting one more rally before crashing?

A trader from France, my favourite country in the whole wide world, so a big welcome to you. What's that chart telling you my friend?

US and Euro stocks mounting one more rally before crashing?

What we need now is a Trump tweet calling the Chinese leader fat duplicitous slob, and we'll be in business.

US and Euro stocks mounting one more rally before crashing?

I've shorted Dow from 070 going for the big one, SL 40 which seems about right as it puts me above the 61.8% and given the risk/reward. For a relative scalper, this is a very wide SL for me.

US and Euro stocks mounting one more rally before crashing?

So, plumb contact with the Dax daily 200ema @ 650 ( Intertrader prorealtime charts ) and the daily 200 sma @ 664 ( IG Index prorealtime charts ) Dow weekly candle, as it stands right now, is a powerful looking doji. All will depend upon this ...

US and Euro stocks mounting one more rally before crashing?

If it does, then certainly the Dax weekly chart shows Dax has plenty of clear water to move up to 12-12,500, which would also mean the Dow breaking to new highs, something I have never ruled out going by the Dow monthly chart. Rate cuts by the Fed, ...

US and Euro stocks mounting one more rally before crashing?

Go with the trend yes indeed, and today this is certainly true as Dax and now Dow power their way north, but these are still potentially powerful resistance levels on both, so if long, do you stay in full, scale down, or get out whilst you're ahead. ...

US and Euro stocks mounting one more rally before crashing?

Despite the Dax pushing higher during the Asian session, the Dow has not got above its 61.8% from the high of the 26th, and at the moment to me it looks like it is really going to struggle to today, which if so, will give us our first negative ...

US and Euro stocks mounting one more rally before crashing?

Look at the current Weekly Dow candle. If tomorrow is a down day, this will be the first negative weekly candle for nine weeks, and at this critical level, you do not need me to tell you how significant this could be.

US and Euro stocks mounting one more rally before crashing?

Yes, interesting intra-day levels, but longer term, Dax is bullish, there's no other way to see it, at least up to its Daily 200ema @ 11,650 It's the Dow though that's got me puzzled, because it is at or very close to my make your mind up time ...

US and Euro stocks mounting one more rally before crashing?

Dow 030 level ( H1 100sma ) pushed it down as I thought it might, but the Dax is climbing higher, albeit very slowly. Dow now positioned in directionless no-man's land. Dax looks like it might be looking for a top here today, so, an educated guess ...

US and Euro stocks mounting one more rally before crashing?